[Code of Federal Regulations]

[Title 14, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR151.61]



[Page 107-108]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 151_FEDERAL AID TO AIRPORTS--Table of Contents

 

     Subpart B_Rules and Procedures for Airport Development Projects

 

Sec. 151.61  Grant payments: Partial.



    (a) Subject to the final determination of allowable project costs as 

provided in Sec. 151.63 partial grant payments for project costs may be 

made to a sponsor upon application. Unless previously agreed otherwise, 

a sponsor may apply for partial payments on a monthly basis. The 

payments may be paid, upon application, on the basis of the costs of 

airport development that is accomplished or on the basis of the 

estimated cost of airport development expected to be accomplished.

    (b) Except as otherwise provided, partial grant payments are made in 

amounts large enough to bring the aggregate amount of all partial 

payments to the estimated United States share of



[[Page 108]]



the project costs of the airport development accomplished under the 

project as of the date of the sponsor's latest application for payment. 

In addition, if the sponsor applies, a partial grant payment is made as 

an advance payment in an amount large enough to bring the aggregate 

amount of all partial payments to the estimated United States share of 

the estimated project costs of the airport development expected to be 

accomplished within 30 days after the date of the sponsor's application 

for advance payment. However, no partial payment may be made in an 

amount that would bring the aggregate amount of all partial payments for 

the project to more than 90 percent of the estimated United States share 

of the total estimated cost of all airport development included in the 

project, but not including contingency items, or 90 percent of the 

maximum obligation of the United States as stated in the grant 

agreement, whichever amount is the lower. In determining the amount of a 

partial grant payment, those project costs that the Administrator 

considers to be of questionable allowability are deducted both from the 

amount of proj- ect costs incurred and from the amount of the estimated 

total project cost.